Time Spent On Government Comlpience

This survey also included questions about how much time they spent filling out government forms, like the 5500 and the 5330.

Like the previous graphs, the answers here were also very spread out. This is because there are many different forms, and everyone fulls out different amounts of these forms.

In general, the 5500 Short Form takes about 10-20 minutes to complete, while the long 5500 form can take anywhere from an hour to an entire day, depending on the plan.
The 8955 is one of the shortest, taking around 10 minutes to complete, sometimes less. The same goes for the 1099 R forms.